KODAMA CHEMICAL INDUSTRY CO.,LTD. [4222.T]
TOKYO, May 14 (Pulse News Wire) – Kodama Chemical Industry CO.,LTD. (4222.T) reported a special gain due to negative goodwill arising from its acquisition of Mepro Holdings Corporation.
In the fourth quarter of the fiscal year ending March 31, 2026, the company finalized the allocation of purchase price, resulting in a confirmed negative goodwill amounting to ¥22.60 billion. This differs from the previously recorded provisional figure of ¥22.06 billion, leading to an additional special gain of ¥540 million being recognized in the final quarter's consolidated financial statements.
The initial provisional negative goodwill of ¥22.06 billion was initially recorded in the first quarter of the fiscal year 2026. Following the completion of the purchase price allocation, the difference between the provisional and final figures led to the recognition of the additional special gain in the fourth quarter.
The impact of this special gain on the company’s consolidated performance is reflected in the interim earnings announcement released today.
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